Procyon Advisors LLC Has $754,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Procyon Advisors LLC raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,360 shares of the company’s stock after purchasing an additional 4,061 shares during the period. Procyon Advisors LLC’s holdings in Brookfield Infrastructure were worth $754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its stake in shares of Brookfield Infrastructure by 0.9% in the third quarter. FMR LLC now owns 10,107,345 shares of the company’s stock valued at $357,194,000 after acquiring an additional 93,628 shares in the last quarter. BlackRock Inc. lifted its position in Brookfield Infrastructure by 2.7% during the second quarter. BlackRock Inc. now owns 5,463,158 shares of the company’s stock worth $249,011,000 after purchasing an additional 143,907 shares during the period. Vanguard Group Inc. lifted its position in Brookfield Infrastructure by 22.9% during the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock worth $172,754,000 after purchasing an additional 911,454 shares during the period. Royal Bank of Canada lifted its position in Brookfield Infrastructure by 6.9% during the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock worth $105,313,000 after purchasing an additional 193,611 shares during the period. Finally, Brown Advisory Inc. lifted its position in Brookfield Infrastructure by 22.7% during the third quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company’s stock worth $75,155,000 after purchasing an additional 393,127 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

BIPC traded up $0.06 on Thursday, hitting $35.25. 42,574 shares of the stock were exchanged, compared to its average volume of 486,161. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23. The business has a 50-day moving average of $34.98 and a two-hundred day moving average of $33.83. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 24.43 and a beta of 1.37.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.60%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s dividend payout ratio is 112.50%.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.